Common use of Acceptance and Payment Clause in Contracts

Acceptance and Payment. To accept such Disposition Prepayment Offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than twenty (20) days after the date of such written notice from the Company, provided, that failure to accept such offer in writing within twenty (20) days after the date of such written notice shall be deemed to constitute a rejection of the Disposition Prepayment Offer. If so accepted by any holder of a Note, such offered prepayment (equal to such holder’s Ratable Portion of the Net Proceeds in respect of such Debt Prepayment Transfer) shall be due and payable on the Disposition Prepayment Date. Such offered prepayment shall be made at 100% of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued to the Disposition Prepayment Date determined as of the date of such prepayment. The prepayment shall be made on the Disposition Prepayment Date.

Appears in 2 contracts

Samples: Note Purchase and Private Shelf Agreement (Arch Chemicals Inc), Note Purchase and Private Shelf Agreement (Arch Chemicals Inc)

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Acceptance and Payment. To accept such Disposition Transfer Prepayment Offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than twenty (20) days after the date of such written notice from the Company, provided, that failure to accept such offer in writing within twenty (20) days after the date of such written notice shall be deemed to constitute a rejection of the Disposition Transfer Prepayment Offer. If so accepted by any holder of a Note, such offered prepayment (equal to not less than such holder’s Ratable Portion of the Net Proceeds net proceeds in respect of such Debt Prepayment Transfer) shall be due and payable on the Disposition Transfer Prepayment Date. Such offered prepayment shall be made at one hundred percent (100% %) of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued to the Disposition Transfer Prepayment Date determined as of the date of such prepayment. The prepayment shall , plus any Swap Reimbursement Amount or minus any Net Gain applicable to each Note to be made on the Disposition Prepayment Dateprepaid.

Appears in 2 contracts

Samples: Note Purchase Agreement (Ametek Inc/), Ametek (Ametek Inc/)

Acceptance and Payment. To accept such Disposition Transfer Prepayment Offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than twenty (20) days after the date of such written notice from the Company, provided, that failure to accept such offer in writing within twenty (20) days after the date of such written notice shall be deemed to constitute a rejection of the Disposition Transfer Prepayment Offer. If so accepted by any holder of a Note, such offered prepayment (equal to not less than such holder’s Ratable Portion of the Net Proceeds net proceeds in respect of such Debt Prepayment Transfer) shall be due and payable on the Disposition Transfer Prepayment Date. Such offered prepayment shall be made at one hundred percent (100% %) of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued to the Disposition Transfer Prepayment Date determined as of the date of such prepayment. The prepayment shall be made on the Disposition Prepayment Date.

Appears in 2 contracts

Samples: Note Purchase Agreement (Ametek Inc/), Note Purchase Agreement (Ametek Inc/)

Acceptance and Payment. To accept such Disposition Transfer Prepayment Offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than twenty (20) days after the date of such written notice from the Company, provided, that failure to accept such offer in writing within twenty (20) days after the date of such written notice shall be deemed to constitute a rejection of the Disposition Transfer Prepayment Offer. If so accepted by any holder of a Note, such offered prepayment (equal to such holder’s Ratable Portion of the Net Proceeds Amount in respect of such Debt Prepayment Transfer) shall be due and payable on the Disposition Transfer Prepayment Date. Such offered prepayment shall be made at 100% of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued to the Disposition Transfer Prepayment Date determined as of the date of such prepayment. The prepayment shall be made on the Disposition Transfer Prepayment Date.

Appears in 2 contracts

Samples: Guaranty Agreement (Woodward Governor Co), Guaranty Agreement (Woodward Governor Co)

Acceptance and Payment. To accept such Disposition Transfer Prepayment Offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than twenty (20) days after the date of such written notice from the Company, provided, that failure to accept such offer in writing within twenty (20) days after the date of such written notice shall be deemed to constitute a rejection of the Disposition Prepayment Offer. If so accepted by any holder of a Note, such offered prepayment (equal to not less than such holder’s Ratable Portion of the Net Proceeds in respect of such Debt Prepayment Transfer) shall be due and payable on the Disposition Transfer Prepayment Date. Such offered prepayment shall be made at one hundred percent (100% %) of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued to the Disposition Transfer Prepayment Date determined as of the date of such prepayment. The prepayment shall be made on the Disposition Prepayment Date.

Appears in 1 contract

Samples: Note Purchase Agreement (American Water Works Company, Inc.)

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Acceptance and Payment. To accept such Disposition Prepayment Offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than twenty (20) 10 days after the date of such written notice from the Company, provided, provided that failure to accept such offer in writing within twenty (20) 10 days after the date of such written notice shall be deemed to constitute a rejection of the Disposition Prepayment Offer. If so accepted by any holder of a Note, such offered prepayment (equal to such holder’s not less than the Ratable Portion applicable to such Note of the Net Proceeds amount of net proceeds in respect of such Debt Mandatory Prepayment TransferEvent) shall be due and payable on the Disposition Proposed Prepayment Date. Such offered prepayment shall be made at 100% of the Ratable Portion of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued to the Disposition Prepayment Date determined as of the date of such prepayment. The prepayment shall be made on the Disposition Proposed Prepayment Date, but, in any case, without any Make-Whole Amount.

Appears in 1 contract

Samples: Macdonald (Macdonald Dettwiler & Associates LTD)

Acceptance and Payment. To accept such Disposition Transfer Prepayment Offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company Obligors not later than twenty (20) days after the date of such written notice from the CompanyObligors, provided, that failure to accept such offer in writing within twenty (20) days after the date of such written notice shall be deemed to constitute a rejection an acceptance of the Disposition Prepayment Offer. If so accepted by any holder of a Note, such offered prepayment (equal to not less than such holder’s 's Ratable Portion of the Net Proceeds Amount in respect of such Debt Prepayment Transfer) shall be due and payable on the Disposition Transfer Prepayment Date. Such offered prepayment shall be made at one hundred percent (100% %) of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued to the Disposition Transfer Prepayment Date determined as of and the date of such prepayment. The prepayment shall be made on the Disposition Prepayment DateMake-Whole Amount.

Appears in 1 contract

Samples: Note Purchase Agreement (Burlington Coat Factory Warehouse Corp)

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